SEBON directs Stock Exchange to provide broker license

Kathmandu, Jan 2 . The Securities Board of Nepal (SEBON) has directed Nepal Stock Exchange to provide the brokers’ license to commercial banks, so that they could make transaction through their auxiliary companies.

Such direction was made on Wednesday. The SEBON had earlier directed the Stock Exchange to provide the share broker licenses at the province and even at commercially active districts as per the federal set up, said SEBON Spokesperson Niraj Giri.

The Stock Exchange was also directed to timely update circuit breaker system adopted on NEPSE index and ensure international standard to the NEPSE fluctuation.

Moreover, the SEBON directed the CDS and Clearing Ltd to establish investors’ security trust for the welfare of the investors.